Overview
Holiday Inn El Paso West – Sunland Park is an upper-midscale hotel, boasting 175 spacious guest rooms in El Paso, Texas. The Property maintains several common area amenities including an outdoor pool and hot tub, business center, fitness center, on-site bar and restaurant and meeting event space. Highly visible from Interstate 10, the major east-west Interstate Highway in the Southern United States, the Hotel benefits from its accessibility to various local and regional demand generators within a ten-mile radius including the University of Texas El Paso (5.1 miles), Sunland Park Racetrack & Casino (1.5 miles), The Outlet Shoppes at El Paso (7.6 miles), The Shoppes at Solana (.7 miles), El Paso Convention Center (6.5 miles) and Southwest University Park (6.2 miles). The hotel ownership has pridefully maintained the property, investing $3.6 million in capital expenditures since 2021 with full renovation ending in Q4 2023. The Hotel is currently institutionally owned and third-party operated.
Investment Highlights
Strong Corporate and Military Demand Generators: El Paso is home to a variety of industries, including three publicly traded companies: El Paso Electric Co., Helen of Troy Ltd., and Marathon Petroleum El Paso Refinery. It also hosts the Medical Center of the Americas, the sole medical research and care provider complex in West Texas and Southern New Mexico. The city boasts a strong federal and military presence with installations like William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss. Fort Bliss serves as a significant economic pillar, complemented by nearby military installations like Holloman Air Force Base and White Sands Missile Range. Furthermore, it serves as headquarters for law enforcement agencies such as the Drug Enforcement Administration domestic field division 7 and U.S. Border Patrol El Paso Sector. The local industrial sector is thriving, supported by over 450 manufacturing plants and cross-border trade.
Strategic Airport Location: The Property is situated less than 15 miles from El Paso International Airport (ELP) - one of the largest airports in West Texas and southern New Mexico, ELP sees a significant amount of passenger traffic. It serves as a hub for several airlines and offers flights to various domestic destinations, including major cities like Dallas, Houston, Denver, and Los Angeles, as well as some international destinations.
Desirable Brand Affiliation: The Hotel is currently a Holiday Inn, which is internationally recognized as a member of InterContinental Hotels Group (IHG Hotels & Resorts), one of the largest and most successful hotel companies. As a member of the IHG family, the Property benefits from a superior reservation system, as well as the IHG Rewards loyalty program.
Opportunity Zone: The Hotel is positioned within an opportunity zone offering tax benefits for property owners; contact agent for more information.
Prominent Submarket: The city of El Paso, when combined with Las Cruces, New Mexico and Ciudad Juárez in Mexico, is sometimes referred to as the international metropolitan area of Paso del Norte — home to one of the largest bilingual, binational labor pools in the western United States. The Property is situated approximately 40 miles from Las Cruces, NM and 13 miles from Ciudad Juarez.
Offering Summary
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